The post you are reporting:
GaryC - I want higher salaries and many fewer unemployed, whether the young or older. It is in all our interests to get that. What we have a disagreement over method.
I suggest and this can be confirmed by analysis of what has actually happened as well as from common sense, that the best and indeed only way to gaining more wealth is by making the economy more successful and competitive.
That has to come from boosting business by encouraging growth. This can come by reducing the burden businesses carry by way of tax and costs, the red tape imposed on them is a huge extra and unproductive cost. Some is necessaries, I agree but a lot of it, far too much, is gold plating waste of time and resources. In addition businesses need investment and this can come in a number of ways, debentures and other loan stock or from sale of equity ownership (shares), not to mention borrowing from banks. Owners of businesses also need to be encouraged to take risks with their own money in order to build their businesses and invest. People also need incentives to invest, work harder and take risks. High taxes, particularly on those who potentially have the greatest capacity to risk their money, the higher earners', are counter productive to generating growth. In addition higher earners are more mobile and have more choice about what they do and if you hit them with high taxes HMRC can result in a lot less revenue and we have seen this time and time again.